Fitch Ratings has downgraded the long-term corporate credit rating of China's largest commercial property company, Dalian Wanda Commercial Properties.
The US CMBS multifamily delinquency rate is now the best performer among the major asset classes thanks to the pay off of the $3 billion Stuyvesant Town-Peter Cooper Village loan.
The New York State Teachers Retirement System (NYSTRS) has reportedly struck a deal for its first real estate debt mandate with Blackstone through a $500m (€460m) separate account that will target the US and UK.
European credit asset manager Chenavari Investment Managers has provided a €50 million revolving credit facility to Luxembourg-based student housing investor Deutsche Real Estate Funds (DREF).
Florida Community Bank (FCB) provided a $37.8 million construction loan on a multifamily project in West Miami, according to Miami-Dade county property records.
ING Real Estate Finance (REF) had a post-crisis record year of lending in 2015 with a total of €9.5 billion of new debt provided during the period.
Islamic finance specialist Gatehouse Bank has provided £20 million of senior finance to Criterion Capital’s private rented sector residential subsidiary to back a south-east England scheme, Real Estate Capital has learned.
Fannie Mae has provided a combined $97.5 million for two refinancing loans on garden-style apartment properties in Monterey and Orange Counties in California.
Prudential Mortgage Capital Company originated $14.6 billion in loans last year and has another $15 billion lined up for 2016.
Apache Capital Partners and Moda Living are taking on circa £80 million of debt to finance development of their first UK PRS scheme.